Inogen: Little Breathing Room

Sep. 15, 2022 6:49 AM ETInogen, Inc. (INGN) StockINGN

Summary

  • Inogen has been a long-term growth story which has seen real execution challenges in recent years.
  • Current supply chain woes make up for a tough margin picture, yet operational issues have been seen for a couple of years now.
  • Valuations are not too demanding, not in the least given the net cash holdings, yet few green shoots are seen to ignite potential optimism.
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In the summer of 2020 I called Inogen (NASDAQ:INGN) a boom and bust story, after quite a few turbulent years in which shares exploded from $30 in 2016 to $300 in 2018, to come back all the way to $30

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This article was written by

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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